Sony drags down Loeb’s October returns

New York Post – Hedgie Dan Loeb’s long winning streak continued in October — although a 20 percent drop in his high-profile activist target Sony nearly wiped out his overall gain.

Loeb’s Third Point hedge fund ended the month with a 1.2 percent gain, lagging the S&P 500’s 4.6 percent return. He is still up 19.4 percent for the year, according to a report to investors, a copy of which was reviewed by The Post.